Matching Type MCQs of Cost Microeconomics class 11

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Looking for important matching type MCQs of Cost chapter with answers of Microeconomics class 11 CBSE, ISC, and state Board.

Q.1 From the set of statements given in Column I and Column II, choose the correct pair of statements:

Column – IColumn – II
A) Total Variable Costi) Horizontal Straight line parallel to the X-axis
B) Average Fixed Costii) Rectangular Hyperbola
C) Total Fixed Costiii) Inversely S-shaped Curve
D) Average Variable Costiv) Inversely U-shaped Curve

Options

a) A – i
b) B – ii
c) C – iii
d) D – iv

Ans – b)

Match the statements given under A with the correct options given under B.

Column – AColumn – B
i) Marginal CostA – TCn – TCn – 1
B – TCn – TCn – 1

Options

a) i – A
b) i – B

Ans – b)

Match the statements given under A with the correct options given under B.

Column – AColumn – B
i) Total Variable CostA – It can not be changed in the short run
ii) Total Fixed CostB – It can be changed in the short run

Options

a) i – A, ii – B
b) i – B, ii – A

Ans – b)

Match the statements given under A with the correct options given under B.

Column – AColumn – B
i) Explicit CostA – Supplementary Cost
ii) Cost FunctionB – ∆TC/∆Q
iii) MCC – Wages paid to the employees
iv) Fixed CostD – Functional relationship between cost and output

Options

a) i – A, ii – B, iii – C, iv – D
b) i – B, ii – A, iii – D, iv – C
c) i – C, ii – D, iii – B, iv – A
d) i – D, ii – B, iii – C, iv – A

Ans – c)

Match the statements given under A with the correct options given under B.

Column – AColumn – B
i) Variable CostA – Cost of self supplied factors
ii) TCB – Rectangular Hyperbola
iii) Implicit CostC – Horizontal straight line parallel to X – axis
iv) AFC CurveD – Prime Cost
v) TFC CurveE – AC × Q

Options

a) i – A, ii – B, iii – C, iv – D, V – E
b) i – D, ii – E, iii – A, iv – B, V – C
c) i – C, ii – B, iii – A, iv – D, V – E
d) i – B, ii – A, iii – C, iv – E, V – D

Ans – b)

Match the statements given under A with the correct options given under B.

Column – AColumn – B
i) TFCA – TVCn + TVCn-1
ii) MCB – TC – TVC
C – TVC – TC
D – TVC + TC
E – TVCn – TVCn + 1
F – TVCn – TVCn – 1

Options

a) i – A, ii – B
b) i – C, ii – D
c) i – E, ii – F
d) i – B, ii – F

Ans – d

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Articles: 2015

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